FuelCell Energy (NASDAQ:FCEL) Posts Quarterly Earnings Results, Misses Expectations By $0.01 EPS

Friday, June 11, 2021 | MarketBeat

FuelCell Energy (NASDAQ:FCEL) announced its quarterly earnings results on Thursday. The energy company reported ($0.06) earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of ($0.05) by ($0.01), RTT News reports. FuelCell Energy had a negative net margin of 136.60% and a negative return on equity of 39.99%. During the same period last year, the business earned ($0.07) EPS.

Shares of FCEL stock opened at $10.06 on Friday. The company has a fifty day moving average of $9.88. The company has a current ratio of 5.25, a quick ratio of 4.08 and a debt-to-equity ratio of 0.24. The firm has a market cap of $3.24 billion, a price-to-earnings ratio of -27.19 and a beta of 5.03. FuelCell Energy has a one year low of $1.58 and a one year high of $29.44.

In related news, Director John Christopher Groobey sold 16,000 shares of the business's stock in a transaction on Friday, April 9th. The stock was sold at an average price of $12.56, for a total value of $200,960.00. Following the sale, the director now owns 84,979 shares of the company's stock, valued at approximately $1,067,336.24. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Jennifer D. Arasimowicz sold 8,000 shares of the business's stock in a transaction on Tuesday, April 6th. The stock was sold at an average price of $13.46, for a total value of $107,680.00. 0.06% of the stock is owned by insiders.

FCEL has been the subject of several research reports. B. Riley assumed coverage on FuelCell Energy in a report on Friday, April 16th. They set a "neutral" rating and a $11.00 price target for the company. Zacks Investment Research upgraded FuelCell Energy from a "strong sell" rating to a "hold" rating in a report on Wednesday, June 2nd. Wells Fargo & Company assumed coverage on FuelCell Energy in a report on Monday, April 19th. They issued an "underweight" rating and a $9.00 target price for the company. JPMorgan Chase & Co. dropped their price target on FuelCell Energy from $10.00 to $9.00 and set an "underweight" rating on the stock in a research report on Friday, March 5th. Finally, Northcoast Research assumed coverage on FuelCell Energy in a research report on Tuesday, March 30th. They issued a "neutral" rating on the stock. Three equities research analysts have rated the stock with a sell rating and six have issued a hold rating to the company. FuelCell Energy presently has a consensus rating of "Hold" and a consensus target price of $10.92.

FuelCell Energy Company Profile

FuelCell Energy, Inc, together with its subsidiaries, designs, manufactures, sells, installs, operates, and services stationary fuel cell power plants for distributed baseload power generation. The company offers SureSource product line based on carbonate fuel cell technology in various configurations, including on-site power, utility grid support, distributed hydrogen, and carbon utilization, as well as micro-grid and multi-megawatt applications; and SureSource Recovery power plants for natural gas pipeline applications.

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Earnings History for FuelCell Energy (NASDAQ:FCEL)

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